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How many years after anna retires will brian retire

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Problem 1: Today, Brian and Anna each have $225,000 in an investment account. No other contributions will be made to their investment accounts. Both have the same goal: They each want their account to reach $1 million, at which time each will retire. Brian has his money invested in risk-free securities with an expected annual return of 4%. Anna has her money invested in a stock fund with an expected annual return of 7%. How many years after Anna retires will Brian retire?

Reference no: EM132828324

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